Comments on: Urgent Jeff Koons Buy Alert !!! – artmarketblog.com http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/ Art Market Analysis by Nic Forrest Tue, 07 Feb 2012 17:54:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Aletha http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1311 Aletha Fri, 13 Jun 2008 17:12:53 +0000 http://artforprofits.wordpress.com/?p=530#comment-1311 Dear Nick, I understand a dealer's need to make a living, but to buy art for it's investment potential alone -- gosh, I have to tell you that's so sad. There's more to life than money. And art has always been about this "more" that living is all about! Aletha Dear Nick,
I understand a dealer’s need to make a living, but to buy art for it’s investment potential alone — gosh, I have to tell you that’s so sad.
There’s more to life than money. And art has always been about this “more” that living is all about!
Aletha

]]> By: artforprofits http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1310 artforprofits Thu, 12 Jun 2008 04:31:22 +0000 http://artforprofits.wordpress.com/?p=530#comment-1310 Dear Aletha, Thanks for the comment. There is no doubt that Govaert Flink is a great artist but the point of my blog is to advise people how to make money from art investment. Whether Koons is as good as Flink is irrelevant to the investment potential of either artist. I am glad that you enjoy collecting art and encourage you to continue doing so. NIcholas Forrest http://www.artmarketblog.com Dear Aletha,

Thanks for the comment. There is no doubt that Govaert Flink is a great artist but the point of my blog is to advise people how to make money from art investment. Whether Koons is as good as Flink is irrelevant to the investment potential of either artist. I am glad that you enjoy collecting art and encourage you to continue doing so.

NIcholas Forrest
http://www.artmarketblog.com

]]> By: artforprofits http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1309 artforprofits Wed, 11 Jun 2008 23:30:18 +0000 http://artforprofits.wordpress.com/?p=530#comment-1309 Dear Art Brute, I appreciate your comment but I am afraid that, with respect, you are wrong. $25,000 (minus $5000 tax deduction) for a very small edition original screenprint of museum quality is not expensive at all. Cheaper prints by Koons are available but this particular print is probably the best limited edition Koons work available on the market and with an artist such as Koons, quality and exclusivity are important factors. Nicholas Forrest http://www.artmarketblog.com Dear Art Brute,

I appreciate your comment but I am afraid that, with respect, you are wrong. $25,000 (minus $5000 tax deduction) for a very small edition original screenprint of museum quality is not expensive at all. Cheaper prints by Koons are available but this particular print is probably the best limited edition Koons work available on the market and with an artist such as Koons, quality and exclusivity are important factors.

Nicholas Forrest
http://www.artmarketblog.com

]]> By: Aletha http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1308 Aletha Wed, 11 Jun 2008 23:05:58 +0000 http://artforprofits.wordpress.com/?p=530#comment-1308 Nick, Govaert Flink was the Jeff Koons of another era. Do you know who Flink is, by the way? Granted Flink is still a buy, and anyone who has one in good condition has a historical object of serious monetary value. But the folks who bought Flinks once upon a time could have bought his contemporary Rembrandt for the same prices. Which do you think is more valuable now? Me, I wouldn't give a nickel for Koons and I own works by unknown artists that I got at very reasonable prices that are a gazillion times better than Koon in his wildest dreams. Sorry, this is a PT Barnun op. My collection might not appreciate significantly in even my lifetime, but they are real works of art and their real value -- the real value of all art -- is not monetary. It's their beauty and their intellectual and psychological qualities that I prize. I bought them to LOOK at. And I count myself a rich collector. Koons isn't even as good as the "famous" Flink! So, I think I'll pass. Nick,
Govaert Flink was the Jeff Koons of another era. Do you know who Flink is, by the way? Granted Flink is still a buy, and anyone who has one in good condition has a historical object of serious monetary value. But the folks who bought Flinks once upon a time could have bought his contemporary Rembrandt for the same prices. Which do you think is more valuable now?

Me, I wouldn’t give a nickel for Koons and I own works by unknown artists that I got at very reasonable prices that are a gazillion times better than Koon in his wildest dreams.

Sorry, this is a PT Barnun op. My collection might not appreciate significantly in even my lifetime, but they are real works of art and their real value — the real value of all art — is not monetary. It’s their beauty and their intellectual and psychological qualities that I prize. I bought them to LOOK at. And I count myself a rich collector.

Koons isn’t even as good as the “famous” Flink! So, I think I’ll pass.

]]> By: artforprofits http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1307 artforprofits Wed, 11 Jun 2008 23:01:32 +0000 http://artforprofits.wordpress.com/?p=530#comment-1307 Hi Saul, Thanks for the comment. I am well aware of the internet bubble and purposely used similar terminology and language to attract as much attention as possible. There are certainly cheaper prints by other equally fantastic artists available but there is no denying the investment potential of Jeff Koons. Nicholas Forrest artmarketblog.com Hi Saul,
Thanks for the comment. I am well aware of the internet bubble and purposely used similar terminology and language to attract as much attention as possible. There are certainly cheaper prints by other equally fantastic artists available but there is no denying the investment potential of Jeff Koons.

Nicholas Forrest
artmarketblog.com

]]> By: Urgent Jeff Koons Buy Alert !!! - artmarketblog.com http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1306 Urgent Jeff Koons Buy Alert !!! - artmarketblog.com Wed, 11 Jun 2008 19:51:52 +0000 http://artforprofits.wordpress.com/?p=530#comment-1306 [...] Go to the author’s original blog: Urgent Jeff Koons Buy Alert !!! - artmarketblog.com [...] [...] Go to the author’s original blog: Urgent Jeff Koons Buy Alert !!! – artmarketblog.com [...]

]]> By: Art Brute http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1305 Art Brute Wed, 11 Jun 2008 19:48:13 +0000 http://artforprofits.wordpress.com/?p=530#comment-1305 imo 30k isn't just too much for this print, it's almost criminal. While Koons is certainly a 'good investment' if you can get editions on the cheap. This print though (while not bad) isn't great and it isn't particularly large. Buying the balloon dog edition for $500 was a no brainer two years ago. Buying this print for 30k, also a no brainer, a NO BUY no brainer, not unless you really really love this image. If you're buying it for investment it's pretty risky if you ask me. I could be wrong... imo 30k isn’t just too much for this print, it’s almost criminal. While Koons is certainly a ‘good investment’ if you can get editions on the cheap. This print though (while not bad) isn’t great and it isn’t particularly large. Buying the balloon dog edition for $500 was a no brainer two years ago. Buying this print for 30k, also a no brainer, a NO BUY no brainer, not unless you really really love this image. If you’re buying it for investment it’s pretty risky if you ask me. I could be wrong…

]]> By: saul http://www.artmarketblog.com/2008/06/11/urgent-jeff-koons-buy-alert-artmarketblogcom/#comment-1304 saul Wed, 11 Jun 2008 16:25:02 +0000 http://artforprofits.wordpress.com/?p=530#comment-1304 Dear Nick, I think you may be off the mark on this one. You are too young to remember the internet bubble, but the language you are using could have been lifted from any newsletter promoting the "hot" IPO's of the day. If you take into account the market manipulation in Koons' valuation, i.e. Gagosian "buying" his work at auction for record amounts, the ubiquity of his work and the prolific turnout of his product by a factory of > 60 workers, you might be left to ponder the limits of potential appreciation. I think the contemporary market is in a "tulipmania" phase and will eventually become less hype-driven and sane. Whether it takes one year or ten, it will happen. I would not urge anyone to spend $30K on a Koons print when far rarer and more culturally significant work by Rembrandt, Durer, Picasso and other modernists is readily available. If the speculating on contemporary artists is your "scene", then consider Currin, Yuskavage, Eliasson, HIrst, Prince, the Leipziggers, the Chinese, etc. etc. or get intellectual stimulation and promote better art by buying artists like Hawkinson, Gober, Cecily Brown, Wangechi Mutu, etc. You can get more than one kick-ass print by any and all of these for a fraction of that. cheers, and keep up the good work.. always checking in on your latest entry. Dear Nick,
I think you may be off the mark on this one. You are too young to remember the internet bubble, but the language you are using could have been lifted from any newsletter promoting the “hot” IPO’s of the day. If you take into account the market manipulation in Koons’ valuation, i.e. Gagosian “buying” his work at auction for record amounts, the ubiquity of his work and the prolific turnout of his product by a factory of > 60 workers, you might be left to ponder the limits of potential appreciation.
I think the contemporary market is in a “tulipmania” phase and will eventually become less hype-driven and sane. Whether it takes one year or ten, it will happen.
I would not urge anyone to spend $30K on a Koons print when far rarer and more culturally significant work by Rembrandt, Durer, Picasso and other modernists is readily available. If the speculating on contemporary artists is your “scene”, then consider Currin, Yuskavage, Eliasson, HIrst, Prince, the Leipziggers, the Chinese, etc. etc. or get intellectual stimulation and promote better art by buying artists like Hawkinson, Gober, Cecily Brown, Wangechi Mutu, etc. You can get more than one kick-ass print by any and all of these for a fraction of that.
cheers, and keep up the good work.. always checking in on your latest entry.

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